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Census data: property taxes dominate state revenue in half of US states

New 2024 U.S. Census Bureau data shows property taxes are the largest combined state and local tax revenue source in 25 states, including Florida, Texas and New York, while general sales taxes lead in 16 states and individual income taxes top seven, including California. Washington draws nearly half its tax revenue from general sales and gross receipts taxes, and Delaware stands out for its reliance on license taxes.

WorkOS discloses breach of internal sales app, cites AI attack tool ARTEX

WorkOS says it detected unauthorized access to an internal sales application on October 30, 2026, with an attacker reportedly using an AI-driven offensive security framework called ARTEX to automate reconnaissance and exploitation. The company says exposed data included business contact details, customer account histories, and summaries of sales calls and support conversations, but no production services or app data were affected. WorkOS disabled external access to the app, hired forensics investigators, and pledged to notify affected customers.

Apple reports record annual revenue and iPhone sales, but shares drop on guidance

Apple's fourth-quarter results, marking the close of its fiscal 2026 year, showed record revenue and robust iPhone sales that topped Wall Street forecasts. Despite the strong performance, the company's stock fell after it issued a cautionary outlook for the coming months.

BYD's November EV sales top entire US quarterly total

BYD reported selling more battery-electric and plug-in hybrid vehicles in a single month than the total number of EVs sold across the entire United States in a quarter. The comparison highlights the scale gap between China's leading EV maker and the broader US electric vehicle market.

Apple posts record $57.58B iPhone revenue despite no new standard model

Apple's fourth-quarter earnings report shows iPhone revenue hit $57.58 billion, up 17 percent year-over-year, even though the company skipped releasing a standard iPhone in its latest lineup refresh. Overall company revenue rose 12 percent to $114.5 billion, with Mac revenue up 24 percent to $10.79 billion and services revenue reaching $31.57 billion, while iPad sales fell 10 percent to $6.23 billion.

AI startup camp: most founders built products fast, but only 1 in 10 landed a paying customer

An eight-week startup camp run by the author's company drew more than 500 first-time founders from over 50 countries. Using AI tools, most participants had a working product within a couple of weeks, but only about one in ten converted that into an actual paying customer. Founders who succeeded reported that early sales came through personal networks and direct conversations rather than cold outreach or advertising.

Toyota's EV sales up 127% through September as China gas-car sales drop 20%

Toyota and Lexus sold 309,766 battery electric vehicles globally in the first nine months of 2026, more than double the year-earlier figure, even as overall global sales fell 3.4% to 7.51 million vehicles. The company said China sales plunged nearly 20% over the same period, its eighth straight month of decline, with Toyota attributing weak demand there partly to rising gasoline prices hurting gas and hybrid vehicle sales.

3D printer makers cut prices ahead of Black Friday, with deals from $199

Creality, Elegoo, Bambu Lab, Anycubic and Prusa are running discounts on 3D printers this weekend, with the Bambu Lab A1 Mini falling to $199 and the Creality Ender 3 V3 to $239. Pricier models are also discounted, including the Bambu Lab H2D at $1,399 and the Elegoo Centauri Carbon 2 at $319, alongside deals on resin, filament and accessories.

Intel shares plunge 28% on weak Q4 forecast, cutting US stake value by $12B

Intel stock fell about 28% on Friday after the company projected fourth-quarter revenue of $15-16 billion, below analyst expectations of roughly $17 billion, and warned gross margins would drop to 37% from 43% with no positive cash flow expected. The decline cut roughly $12 billion from the value of the US government's 10% stake in Intel, acquired over a year ago, and also dented Nvidia's shares along with the wider chip sector.

Reddit shares drop 30% after weak Q4 revenue forecast

Reddit's stock fell 30% Friday, its worst single-day decline since going public in 2024, after the company guided fourth-quarter sales to $1 billion-$1.03 billion, below Wall Street's $1.05 billion estimate. The forecast came despite Reddit beating expectations on Q3 earnings and revenue, which grew 53% year-over-year but at a slower pace than prior quarters. CEO Steve Huffman said search-referral traffic from Google declined significantly this quarter due to AI Overviews, and the company announced plans to test requiring logins to view content.

Study finds smarter women face workplace penalties that smarter men avoid

New research cited in the report finds that women perceived as highly intelligent tend to face worse treatment at work, while men with similar cognitive ability do not experience the same penalty. The findings point to an unconscious bias affecting how competence is perceived and rewarded differently by gender. The report illustrates this with the experience of sales veteran Sara Winslow, who said conditions grew uncomfortable after nearly 20 years in her field.

Counterpoint: iPhone 18 Pro sales dip 4% in US, jump 29% in China

Counterpoint Research found iPhone 18 Pro and Pro Max sales fell 4% in the US and 27% in Japan during their first three weeks on shelves compared with the iPhone 17 Pro series last year. China sales rose 29% over the same period, pushing global growth to 3.1%, while the Pro Max's share of Pro-series sales slipped slightly to 56% from 57%.